UK inflation rose last month buoyed by higher food prices and more expensive household goods, official figures show.
The Consumer Prices Index (CPI) increased to 0.7% in January from 0.6% in December, according to the Office for National Statistics.
The figure was ahead of analyst forecasts, with many economists having predicted inflation of 0.5% for the month.
Jonathan Athow, deputy national statistician for economic statistics at the ONS, said: “Inflation rose slightly in January, with food prices increasing.
“Household goods also pushed up prices with less discounting this year on items such as bedding and settees.
“However, there were widespread January sales, with particular price cuts for clothing and footwear.”
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